I think the hodl approach is playing a part in here,as investors are rarely selling their bitcoins,therfore reducing the exchange of bitcoins and invariably the volume of the coin,this may be as a result of the fact that bitcoin has a higher value and is suitable for longer investments.
But other low alts in the market are being exchanged rapidly,as investors seek profit through them,probably at the moment the exchange of Alts are far higher than the bitcoin,thus invariably a higher volume.
Topic: differences of crypto market and bitcoin volume (Read 199 times)
I think that we are seeing such shift because investors are beginning to come to the reality that what they actually want is the money in their pockets and not just the name of the coin that you are hodling in your wallet. This, they tend to go for cheaper coins that we give them multiple returns at a slight move in price.
as long as bitcoin doesn't have good news, or it's still in a calm condition, I think altcoin is a choice
right you say, high risk will promise high profit,
being altcoin is suitable for short trades, while bitfcoin is a good place to do long term investments
right you say, high risk will promise high profit,
being altcoin is suitable for short trades, while bitfcoin is a good place to do long term investments
imagine for a second that you are a trader. as a trader, your goal is making profit not making an investment. now in order to make profit you need price to NOT be stable.
now on one hand we have bitcoin which is very stable (changes less than 3%, for instance the last 24 hour change is 0.05% which is smaller than trading fees you have to pay). on another hand we have altcoins that are getting pumped and dumped. for example we have big altcoins that got pumped 30% in past couple of days. we also have smaller altcoins (at lea st a dozen) that got pumped more than 100% in the past couple of days. we also have coins that got dumped more than 30-40% which you can short.
now which one of these do you choose as a trader to go into and participate short term?
that is exactly why there is a volume increase in altcoins. it has nothing to do with investors but the day traders.
now on one hand we have bitcoin which is very stable (changes less than 3%, for instance the last 24 hour change is 0.05% which is smaller than trading fees you have to pay). on another hand we have altcoins that are getting pumped and dumped. for example we have big altcoins that got pumped 30% in past couple of days. we also have smaller altcoins (at lea st a dozen) that got pumped more than 100% in the past couple of days. we also have coins that got dumped more than 30-40% which you can short.
now which one of these do you choose as a trader to go into and participate short term?
that is exactly why there is a volume increase in altcoins. it has nothing to do with investors but the day traders.
Today, crypto market volume is still strong at $ 14 billion, but the volume of bitcoin has dropped more than $ 5 billion to $ 4.2 billion, I think the market is taking a break or investors are choosing to focus on high-risk trading to get more profits.
What do you think of seeing different crypto markets and volume of bitcoin?
I believe the drop in the market volume of bitcoin is because a lot of bitcoin holders are hodling their coin. Some of these hodlers are into long term bitcoin investment. Looking at the current market price of bitcoin, some percentage of people who are into bitcoin investment change their focusing to invest in other altcoin just to buy more bitcoin. What do you think of seeing different crypto markets and volume of bitcoin?
even so, many investors are not a little tempted by crypto and greedy, they are now investing heavily in altcoins. therefore I am sure that in the near future bitcoin will slowly make a new history
I read an article in which he said that last year had the largest number of people who invested in BTC, more than the sum total of previous years. This fact contributed to the decline in the value of the BTC, since the currency was not prepared for mass adoption. I believe that these new trend-driven investors ended up losing money and scared away new investors. I believe that with a new high, it will attract more mature investors and increase its volume again.
Very much not new. People who jumped for bitcoin last time are now taking a break for it and is jumping again for another alts season. The volume varies from time to time and fluctuations are making these numbers appear. And if its weekend, mostly there's no movement but it can change quickly.
Today, crypto market volume is still strong at $ 14 billion, but the volume of bitcoin has dropped more than $ 5 billion to $ 4.2 billion, I think the market is taking a break or investors are choosing to focus on high-risk trading to get more profits.
What do you think of seeing different crypto markets and volume of bitcoin?
All right you know investors are now paused. Cryptocurrency is not so much attracted to speculators who want to get rich quickly. I think that it will take another six months, and maybe more, when the situation with bitcoin will change. Speculators begin running buy bitcoins. What do you think of seeing different crypto markets and volume of bitcoin?
I'm not saying crypto is dead.I say that the history of bitcoin repeats itself.
Today, crypto market volume is still strong at $ 14 billion, but the volume of bitcoin has dropped more than $ 5 billion to $ 4.2 billion, I think the market is taking a break or investors are choosing to focus on high-risk trading to get more profits.
What do you think of seeing different crypto markets and volume of bitcoin?
What do you think of seeing different crypto markets and volume of bitcoin?
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